New Delhi, Oct 14 (PTI) Guar gum prices on Wednesday gained Rs 35 to Rs 5,962 per five quintal in futures trade as speculators increased their holdings on spot demand.
On the National Commodity and Derivatives Exchange, guar gum contracts for October delivery traded higher 0.59 per cent, or Rs 35, to Rs 5,962 per five quintal with an open interest of 1,720 lots.
The contracts for delivery in November rose by Rs 27, or 0.45 per cent, at Rs 6,030 per five quintal as open interest stood at 49,325 lots.
Analysts said after tracking firm physical market trend, traders raised their bets which led to the rise in guar gum prices. PTI SRS RUJ RUJ